A report from Reuters. "With the Fed poised to hike further, the MBA forecasts that total mortgage originations will fall 35.5% this year, with a 64% decline in refinancings. 'We have a classic case of a mortgage boom to bust…
A report from Richmond Biz in Virginia. "Joe Dunn, a veteran local mortgage executive, said as of last week around 135 of George Mason Mortgage’s more than 300 employees have since CMG Financial’s poaching began last month. Dunn said the…
A report from the New York Times. "Luis Solis, a real estate agent in Portland, Ore., marked a milestone weekend late last month. It was the first time in two years that one of his listings made it to Monday…
A weekend topic starting with Bloomberg. "For years, Fridays at Beef ‘O’ Brady’s, a sprawling restaurant chain in the Southeast, meant one thing: the steak-and-shrimp special. But in January, CEO Chris Elliott saw signs that consumers were feeling the squeeze…
It's Friday desk clearing time for this blogger. "Denver-area realtors are seeing something that hasn’t happened in nearly a decade: the market is starting to cool off. Sunny Banka with the Colorado Association of Realtors already seen this materialize with…
A report from the Real Deal. "More than one in four houses purchased by rental investors in the fourth quarter was a newly built home, according to data. Cash-rich investors see potential in single-family rentals, especially as mortgage rates rise,…
A report from the World Property Journal. "Based on a new report from Redfin, a fast-growing share of U.S. home-sellers are dropping their prices. 'The slowdown over the last two weeks has felt significant,' said Seattle-area Redfin real estate agent…
A report from WBTV in North Carolina. "Potential Charlotte-area homebuyer Amelia Serrano is relocating from California with her family and the interest rates are on the top of her mind. 'Now we have to look for homes in a much…
A report from The Street. "'Housing affordability keeps hitting new lows in the US... first time buyers have been priced out of the market,' investment community Wall Street Silver posted on its Twitter account. 'Investors are not likely to stay…
A report from International Business Times. "'Until recently, not many people thought that housing was in a bubble,' Tabitha Mazzara, Director of Operations at mortgage lender MBANC. But Dallas Fed researchers recently noted 'abnormal US housing market behavior,' 'reasons for…